United Fire Group, Inc. Reports Third Quarter 2019 Results

Released on: Nov 6, 2019, 07:00 AM

United Fire Group, Inc. (the "Company" or "UFG") (Nasdaq: UFCS) today reported consolidated net loss, including net realized investment gains and losses and changes in the fair value of equity securities, of $2.3 million ($0.09 per diluted share) for the three-month period ended September 30, 2019 (the "third quarter of 2019"), compared to a consolidated net income of $11.1 million ($0.43 per diluted share) for the same period in 2018(4).

For the nine-month period ended September 30, 2019 ("year-to-date"), consolidated net income, including realized investment gains and losses and changes in the fair value of equity securities, was $38.0 million ($1.48 per diluted share), compared to $57.0 million ($2.23 per diluted share) for the same period in 2018.

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